Attracting and Recruiting Talent
Attracting, Recruiting and Selection of Talent
This brief report will cover aspects of attracting, recruiting and selection of talent, identify and explain the benefits and attractions of a diverse workforce and describe methods of recruitment and selection.
Factors that affect an organisation’s approach to both attracting talent and recruitment and selection.
There are external and internal factors that will affect an organisation’s approach and they can be inter-related:
• External factors can include
o Economic – recession and the general climate being poor, companies will be wary of spending and expanding their business and as such will not recruit any additional staff
o Political – an increase in the retirement age will mean that turnover will slow down as staff stay in their roles for longer
o Legal – legislation such as minimum wage, impacting on business when there is an increase. Some organisations may be unable to recruit further staff due increase in wage bill
• Internal factors can include
o Staff turnover – promotions, retirement or even redundancy will impact on turnover and therefore create or remove positions
o Business objectives/company strategy – if the business is planning on expanding it will need to factor in any recruitment needs at all levels
o Wastage rates will decrease when unemployment is high, this will mean that there will be less need to recruit as staff tend to stay in their existing role due to the fear of joining those unemployed
Organisational Benefits to a Diverse Workforce
There are many benefits to a diverse workforce aside from the legal compliance:
➢ Enhances the organisation’s reputation and image with external stakeholders making them an employer of choice
➢ Assists in the development of new products, services and marketing strategies due the input of ideas.
➢ Builds employee commitment and morale. Employees
This brief report will cover aspects of attracting, recruiting and selection of talent, identify and explain the benefits and attractions of a diverse workforce and describe methods of recruitment and selection.
Factors that affect an organisation’s approach to both attracting talent and recruitment and selection.
There are external and internal factors that will affect an organisation’s approach and they can be inter-related:
• External factors can include
o Economic – recession and the general climate being poor, companies will be wary of spending and expanding their business and as such will not recruit any additional staff
o Political – an increase in the retirement age will mean that turnover will slow down as staff stay in their roles for longer
o Legal – legislation such as minimum wage, impacting on business when there is an increase. Some organisations may be unable to recruit further staff due increase in wage bill
• Internal factors can include
o Staff turnover – promotions, retirement or even redundancy will impact on turnover and therefore create or remove positions
o Business objectives/company strategy – if the business is planning on expanding it will need to factor in any recruitment needs at all levels
o Wastage rates will decrease when unemployment is high, this will mean that there will be less need to recruit as staff tend to stay in their existing role due to the fear of joining those unemployed
Organisational Benefits to a Diverse Workforce
There are many benefits to a diverse workforce aside from the legal compliance:
➢ Enhances the organisation’s reputation and image with external stakeholders making them an employer of choice
➢ Assists in the development of new products, services and marketing strategies due the input of ideas.
➢ Builds employee commitment and morale. Employees
References: Cook, M. (1988). Personnel selection and productivity. Wiley. Foot, M. H. (2002). Introducing human resource management. Harlow: Prentice Hall.